Bitcoin and Ethereum fall sharply, Crypto Fear and Greed Index drops to 29

The cryptocurrency market faced renewed downside pressure at the start of the week, as Bitcoin and Ethereum erased recent gains. Investors remained cautious and sentiment continued to deteriorate, driven by security and regulatory challenges. The latest selloff in cryptocurrencies followed heightened uncertainty stemming from a security incident involving Binance, the world’s largest crypto exchange by trading volume, and the aftermath of the US midterm elections. Ongoing regulatory questions further weighed on morale among market participants. On Monday, the Crypto Fear and Greed Index—a tool that tracks overall investor sentiment—registered 29 out of 100, indicating persistently fearful conditions. This marked only a slight improvement from 28 the previous day, while the index had stood at 37 a week earlier and 64 a month ago, when optimism was far higher.

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